Connect with us

News

NASS Assures On Speedy Review Of Electoral Amendment Bill

Published

on

The Senate has assured that it would expeditiously look into the Electoral Act 2010 Amendment Bill that President Muhammadu Buhari, last year, refused assent to it after the Senate and the House of Representatives passed the bill.
This is as the expected amendments to the rejected electoral bill will be swift just as the document will be reintroduced to the House of Representatives, today, for a possible rework.
In his welcome address after the Christmas and New Year break, the President of the Senate, Dr Ahmad Lawan said, “the Senate postponed discussions on the consideration of the response of Mr President on the Electoral Act 2010 Amendment Bill to enable us consult with our counter parts in the House of Representatives and also consult with our constituents. Like we all know, the Senate and indeed the National Assembly worked so hard on the Bill. Having consulted, the Senate will expeditiously look into the issue.”
Lawan has taken a swipe at the country, saying that with the funding of the 2022 Budget that is presently predicated on significant borrowing, Nigeria as a country is caught between the devil and the deep blue sea, adding, “funding of the 2022 Budget is predicated on significant borrowing. Our country is caught between the devil and the deep blue sea. We have to construct and provide infrastructure, in all parts of our country because infrastructure is needed for our nation to develop.
“However, we do not generate enough revenues to fund the provision of such infrastructure. Until more revenues are generated, the country has to borrow and also resort to other sources of funding our infrastructural development.
“But we cannot continue to borrow endlessly. It is imperative that we need to improve on the revenue to Gross Domestic Product (GDP) ratio. At about 8% Revenue to GDP ratio, our country is basically at 50% of what is required of the revenue to GDP of 15% for it to support any significant economic development.”
Lawan, who also disclosed that the Senate wouldcommunicate the report of Constitution Review Committee to the State Houses of Assembly within the first quarter of this year, said, “the review of the 1999 Constitution is a major plank of our Legislature Agenda. Our Committee on Review of the 1999 Constitution has done so much work so far. Working with their counter parts in the House of Representatives the report of the committee will be presented to the Senate for consideration soon. The Senate will consider the report and the National Assembly will communicate to the State Houses of Assembly within the first quarter of this year.”
The President of the Senate, who has reiterated his worry over the security challenges in the country, urged the Federal Government, the security agencies and other Nigerians to ensure that this year becomes the final in securing the country from the numerous security challenges.
Lawan said, “the security situation in our country is still dire. We must remain focused and determined to work with Executive arm of government, and also continue to support our Armed Forces and security agencies. We must continue to prioritize the security and welfare of our citizens as enshrined in our Constitution not despair.
“I urge us not to be discouraged by the situation. We should make this year as the year for the final securing of our nation from the numerous security challenges.”
Speaking further, Lawan said, “I welcome you back from our Christmas and New Year recess. I believe that the recess gave us the opportunity to celebrate the festivities with our families and loved ones.
“My distinguished colleagues, before we went on the recess, we considered and passed the Appropriation Bill on 22nd of December, 2021. That was the third consecutive time to pass the annual appropriation bill before end of year.
“The Bill was signed into law on 31st of December, 2021 by Mr President, to give the desired effect of starting the implementation of the budget from January, 2022.
“Distinguished colleagues, I once again commend the Senate, indeed the National Assembly and the Executive arm of government for working tirelessly to maintain the instituted January to December budget cycle.
“As we all know the oversight of the implementation of the budget is a critical function of the National Assembly. We must therefore strategise on effective oversight of the implementation of the 2022 budget. This is going to be the last budget that would be fully implemented for 12 months in the life of the Ninth Senate. We, therefore, need to supervise very closely.
“Distinguished colleagues, the Senate will develop a strategy of engagement with revenue generating agencies on how to make them achieve their targets and generate more revenues in 2022. The Senate will ensure that we boost their revenue generating drive with a view to reducing borrowing for development of our much needed infrastructure. This is a major challenge for our development and we need to treat as such.
“Distinguished colleagues, the Petroleum Industry Act(PIA) 2021 was enacted with a view to providing better investments climate for better performance by the oil and gas industry. The Senate, therefore, need to seriously supervise the implementation of the PIA 2021. We must ensure that our country starts to benefit from the passage of the PIA.
“Distinguished colleagues, political activities leading to 2023 general election have already started. This Senate should continue to provide the support that Independent National Electoral Commission (INEC) needs for successful elections across the country.
“Distinguished colleagues, most of our colleagues will be running for various political offices in 2023. I wish all our distinguished colleagues easy victories and success at the polls.
“In conclusion, I thank all our distinguished colleagues for remaining focused and firm in our determination to deliver service to our country.”
Similarly, the expected amendments to the rejected electoral bill will be swift just as the document will be reintroduced to the House of Representatives, today, for a possible rework, the Speaker, Hon Femi Gbajabiamila has said.
The speaker, who made the disclosure in his address to welcome members of the House back from the 2021 Christmas holidays at the plenary, yesterday, added that the nation can’t afford to “throw the baby with the bath water” as far the electoral bill was concerned.
Gbajabiamila described as appalling the argument or submission that lack of proper membership registration of the political parties was amongst the reason for rejecting the bill.
It was that the argument even ran at variance with the spirit and letters of the Constitution of the land.
The speaker said that it was left for the House to either stick to their guns on the bill with regards to the direct primary mode or rework the bill and retransmit it to President Muhammadu Buhari for his assent.
Meanwhile, the House has dissolved into an executive session.

Continue Reading

News

FG Targets Production Of Locally Made Vehicles By Dec

Published

on

The Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, has affirmed that Nigeria now has the capacity and materials to manufacture Made-In-Nigeria cars for local use and export.
With the enabling environment being provided by the government, she said manufacturers should be held responsible if the cars are not rolling out by December 2024.
Currently, Nigeria produces less than 10 per cent of the vehicles used in the country.
Last year, Nigeria’s vehicle assembling industry, estimated to be worth around N302billion, tanked to a new low due to increasing production costs and weakened demand for locally assembled automobiles.
According to the Manufacturers CEOs Confidence Index, activities of motor vehicles and miscellaneous assembly deteriorated further below the benchmark (50 points) from 48.6 to 46.7 points.
But speaking at the Automotive Component Manufacturers meeting in Abuja, she noted that the automobile industry is faced with both challenges and opportunities.
A statement issued last Friday by the Director of Information and Public Relations, Adebayo Thomas, said, “In a significant move aimed at fostering sustainable growth and development in Nigeria’s automobile industry, the Federal Government has issued a clarion call to all stakeholders, including manufacturers, dealers, regulatory bodies, and other players in the automobile ecosystem.
“The call comes as part of a broader strategy to enhance the sector’s contribution to the nation’s economy.”
Encouraging the stakeholders to key into the Nigerian Automotive Development Policy, the Minister said, “As far as we are concerned, the auto industry is now set to go.
“We are counting on all stakeholders to make that happen. If we do not produce made-in-Nigeria cars before the end of this year (December), it will be your fault, because I am sitting down here giving you all the assurances that this administration has created the enabling environment to make sure that the auto policy kicks off.”
Anite emphasised the need for collaboration among manufacturers, dealers, regulatory bodies, and other players in the automobile ecosystem, saying by working together, they can address challenges, streamline processes, and drive innovation.
She also urged stakeholders to maintain high-quality standards across the board, including vehicle manufacturing, safety features, emissions control, and after-sales services.
Stringent adherence to quality, she said, will boost consumer confidence and attract investment.
The minister assured all that the government would continue to encourage increased investment in research and development, adding that, innovations in electric vehicles, fuel efficiency, and alternative energy sources are critical for long-term sustainability.
On local content, she also emphasised the importance of promoting local content by sourcing materials and components locally.
By doing this, she said, the sector can create jobs, reduce import dependency, and contribute to economic diversification
In his introductory comments, the ministry’s Permanent Secretary, Nura Rimi, emphasised the significance of team action and shared vision as outlined in the Nigerian Automotive Development Policy.
He also urged stakeholders that the country “will overcome obstacles and unleash the full potential of Nigeria’s automotive component sector.”
He encouraged NADDC and other stakeholders to use the chance to form alliances, explore new areas of collaboration, and devise ways to catapult the automotive components manufacturing industry to new heights of success.
The statement added, “The government’s charge underscores the pivotal role stakeholders play in shaping its trajectory. Their commitment to sustainable practices will drive Nigeria’s automotive sector towards a brighter and more prosperous future.
“Environmental Responsibility: Stakeholders are reminded of their environmental responsibilities. Sustainable practices, recycling, and eco-friendly manufacturing processes are essential for a greener future.”

Continue Reading

News

Waive Tax On Electronic Imports, Women Engineers Appeal To Tinubu

Published

on

The Association of Professional Women Engineers of Nigeria (APWEN), Lagos Chapter, has called on President Bola Tinubu to exempt the importation of electronic components from taxation for inventive engineers.
Chairman of APWEN, Ms Atinuke Owolabi, said this a in statement yesterday in Lagos, in commenration of the 2024 World Creativity and Innovation Day, with the theme: “Step Out and Innovate”.
The Tide source reports that World Creativity and Innovation Day is a global UN Day, celebrated on April 21, to raise awareness about the importance of creativity and innovation in problem solving.
This is with respect to advancing the United Nations’ sustainable development goals, also known as the global goal.
Owolabi explained that such a measure would significantly enhance technological progress, support local innovators, and elevate Nigeria as a leading hub for innovation globally.
She stated that in a world marked by dynamic challenges and unprecedented opportunities, creativity and innovation stand as the driving forces behind progress and transformation.
According to her, women engineers recognise the critical role that innovation plays in shaping our societies and driving sustainable development.
”On this occasion, we affirm our commitment to fostering a culture of creativity and innovation within our organisation and the broader engineering community.
”Together, let us step out, innovate, and inspire the next generation of women engineers to reach even greater heights of achievement and impact.
”We believe that by stepping out of our comfort zones and embracing new ideas, technologies, and approaches, we can unlock innovative solutions to the complex challenges facing our world today,” she said.
According to her, the theme: ‘step out and innovate’, serves as a call to action for women engineers everywhere to break barriers, challenge conventions.
She noted that it would also pioneer groundbreaking solutions that would propel them toward a brighter and more sustainable future.
Owolabi disclosed that in celebration of the World Creativity Day, APWEN Lagos had inaugurated an artificial intelligence club tailored for female engineering students and young engineers.
She said that the proactive initiative aimed to inspire and equip young engineers with cutting-edge technological insights.
Th chairman said, “Additionally, we already have a 200-capacity hall to set up a resource, technology, and innovation hub to empower women and girls in engineering.
”This endeavour serves as a catalyst for encouraging aspiring female engineers to embrace innovation and stay abreast of emerging trends in the field.
”APWEN Lagos stands united in its dedication to promoting diversity, inclusivity, and excellence in engineering.
“We encourage all female engineers to seize this opportunity to unleash their creativity, explore new frontiers, and make an indelible mark on the world.”

Continue Reading

News

Pan-Igbo Group Hails Dangote Group For Reducing Diesel Price

Published

on

A pan-Igbo group, Ndigbo Unity Forum (NUF), has commended the Chairman of the Dangote Group, Alhaji Aliko Dangote, and his management for reducing the price of diesel from N1,600 to N,1000 per litre.
The Tide’s source reports that diesel is the major fuel used by heavy duty vehicles and generating sets to transport goods as well as run industries across the country.
The President of NUF, Mr Augustine Chukwudum, told The Tide’s source in Enugu, yesterday, that Dangote’s timely response to suffering masses of Nigerians, going through hell to get a meal a day, “is highly commendable”.
According to Chukwudum, Nigerians need to appreciate the patriotism of Dangote since what he has done will go a long way in reducing prices of goods, especially food stuff which has gone out of the reach of the poor.
He called on Nigerians, who wish and pray always for the betterment of the country, to appreciate and thank God for answering their prayer through Dangote’s move.
“It is clear that if Dangote Refinery starts fully and gets all the crude oil needed from Nigeria, the prices of petrol, kerosene and diesel will further reduce.
“We commend President Bola Tinubu for being a listening President and supporting the Dangote Group on our crude oil needs.
“We appeal to Tinubu to encourage Dangote by providing the company with crude oil at a reduced rate as we have been demanding,” he said.
Chukwudum said that this move and subsequent further reduction, would bring industries in comatose back to life, jobs created for unemployed youths and reduction in crime as well.
“We call on governors of oil-producing Anambra, Imo and Abia States to bring investors, who shall build refineries in each of the states to refine thousands of barrels of crude in commercial quantities,” he said.

Continue Reading

Trending